Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, has said he sees the bitcoin price crash as “great news” as he may invest in the flagship cryptocurrency “if and when” its price drops back down to $20,000.
In a tweet Kiyosaki shared with his over 1.8 million followers, he shared “words of wisdom” with his followers, where he said “profits are made when you buy, not when you sell,” implying a good entry is important for investors and suggesting BTC is getting close to it.
Kiyosaki also reminded his followers that he bought the cryptocurrency when it was trading at $6,000 and $9,000, and added that the “time to get richer is coming.” Looking at silver, he noted it’s 50% below its all-time high and suggested it’s a “bargain.”
As CryptoGlobe reported, Kiyosaki has in the past suggested that the price of bitcoin is going to move up to more than $1.2 million over the next few years, while still advocating for gold and silver, which he said are “God’s money.”
The best-selling author has over the last few months been predicting a “giant stock market crash” is coming, while holding on to precious metals and the flagship cryptocurrency. In the past, he has said cryptoassets like BTC would be affected by the crash, with cash being “best for picking up bargains after crash.”
In June, he recommended buying bitcoin ahead of what he believes was going to be the “biggest crash in world history.” The crash, he revealed, was coming after the “biggest bubble in world history” popped. In August, he revealed BTC had the “greatest upside” while the value of the U.S. dollar was dropping.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured image via Pixabay